State Member for Newcastle, Tim Crakanthorp has revealed that the Berejiklian Government has sold off $186,633,071 worth of Newcastle property over the past seven years.
The information uncovered through Budget Estimates has revealed over 155 properties have netted the current Government almost $200 million from the Newcastle electorate since they came to power.
The listings are a mix of social housing, government offices, retail spaces and port land.
This comes on top of the $50 billion of public assets sold by Liberal and National State Government, including the poles and wires and ports and Land and Property Information Service.
At the same time, the social housing list in Newcastle is at an all-time high, with an estimated ten year waiting period.
When the Government is boasting a record breaking surplus and netting even more money through the systematic selling off of Newcastle properties, the construction of much needed social housing would be appropriate.
Quotes attributable to Member for Newcastle, Tim Crakanthorp MP
“Not satisfied with receiving $1.75 billion from the sale of the Port of Newcastle, the Government is continuing to sell off Newcastle piece by piece to the highest bidder.”
“The Liberals are addicted to flogging off publically owned assets. At the rate they’re going there will be nothing left.”
“This Government will sell anything that isn’t nailed down. The Port of Newcastle, the pole and wires, land and Property Information Service are just few of the Government’s best sellers in the past seven years.”
“This Government has it priorities all wrong. They are selling off priceless social and public housing properties and not investing in the replacement of those lost. They are selling off Newcastle assets and taking the proceeds to fund major infrastructure projects in Sydney.”
“I spoke on this issue just two years ago when they sold off public housing on Light Street just down the road from the picturesque Bar Beach. While I was appalled then, it seems that that sale was a just drop in the ocean.”